AVP Product Control

HSBC; Mumbai City; On-site; INR 1,800,000 - 2,500,000; Full time

Job summary

HSBC in Mumbai, India is hiring an AVP, Product Control for Global Markets. The role focuses on P&L reporting, IPV, FVA, and valuation controls, with rigorous attention to regulatory compliance. You will partner with traders to provide financial insights and support audit requirements.

Candidates should have a finance post graduate degree and at least 2 years’ experience across Global Markets. Strong data analytics and communication skills are essential.

Qualifications

• A strong understanding of finance processes and an accountancy or finance post graduate degree.
• Relevant experience (min. 2 years) in a finance environment, with a wide product knowledge across a number of Global Markets asset classes.
• Strong understanding of the traditional Global Markets trade lifecycle and of the relevant risk control principles within this
• Experience of working in a similar organizational structure with a number of onshore and offshore contact points and managing teams
• Good Data Analytics and Digital Transformation skills. Ability to work with large amounts of data, analyse the same and present them in a concise meaningful form.
• A strong written and verbal communicator, used to interacting with colleagues and stakeholders at all levels including senior leadership teams

Responsibilities

• Strong understanding of P&L Processes (Reporting, Attribution), Valuation Principles of Global Markets products, ensuring accuracy & completeness
• Ensure Independent Price Verification (IPV) and Fair Value Adjustments (FVA) are performed in line with internal policies and IFRS/GAAP requirements
• Maintain and monitor valuation reserves, ensuring they are justified and documented
• Ensure compliance with internal control frameworks, accounting policies, and regulatory requirements (e.g. IFRS 13, Basel III)
• Coordinate with internal and external auditors, providing necessary schedules and explanations. Close involvement in handling various audit requirements of local regulatory audit, internal audit, statutory audit & other compliance reviews along with working towards the closure of audit findings.
• Maintain robust documentation for valuation methodologies and control processes
• Work closely with traders to provide financial insights that support business strategy
• Resolving client valuation related queries
• Reporting of various financial and management reports as prescribed by applicable regulation like RBI / HKMA / PRA etc. and ensuring adherence to HSBC’s internal guidelines related to P&L, valuation and balance sheet controls.
• Periodic review of various internal policies on Fair Valuation Adjustments, Prudent Valuation Adjustments, Fair Value Levelling, Day1 PL reserving etc.
• Participate in Product Control related IT projects by providing User requirements, performing UAT & post implementation reviews.
• For all the new business products launched, the role holder is expected to provide inputs on the above mentioned areas.
• Active participation in regional projects, local/internal audits are other key areas where the candidate gets involved.
• Understand Risk and Control framework including SOX and help track and escape incidents and operational losses related to PC.

Skills

P&L processes

IPV

FVA

Valuation

Regulatory compliance

Data analytics

Stakeholder communication

Audit coordination

Education

Finance post graduate degree

Accountancy degree

Job description

Job Description:

Some careers open more doors than others.

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Business Descriptor:

Global Finance

Global Finance is integral to HSBC’s purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Our global team of finance professionals partner with the business to provide trusted insights and forward looking analysis; accuracy; efficiency and control to frame and influence business decisions.

We are currently seeking an experienced professional to join the Global Markets Product Control team.

Job Introduction

AVP, Product Control, Mumbai, India

Principal Responsibilities

• Strong understanding of P&L Processes (Reporting, Attribution), Valuation Principles of Global Markets products, ensuring accuracy & completeness
• Ensure Independent Price Verification (IPV) and Fair Value Adjustments (FVA) are performed in line with internal policies and IFRS/GAAP requirements
• Maintain and monitor valuation reserves, ensuring they are justified and documented
• Ensure compliance with internal control frameworks, accounting policies, and regulatory requirements (e.g. IFRS 13, Basel III)
• Coordinate with internal and external auditors, providing necessary schedules and explanations. Close involvement in handling various audit requirements of local regulatory audit, internal audit, statutory audit & other compliance reviews along with working towards the closure of audit findings.
• Maintain robust documentation for valuation methodologies and control processes
• Work closely with traders to provide financial insights that support business strategy
• Resolving client valuation related queries
• Reporting of various financial and management reports as prescribed by applicable regulation like RBI / HKMA / PRA etc. and ensuring adherence to HSBC’s internal guidelines related to P&L, valuation and balance sheet controls.
• Periodic review of various internal policies on Fair Valuation Adjustments, Prudent Valuation Adjustments, Fair Value Levelling, Day1 PL reserving etc.
• Participate in Product Control related IT projects by providing User requirements, performing UAT & post implementation reviews.
• For all the new business products launched, the role holder is expected to provide inputs on the above mentioned areas.
• Active participation in regional projects, local/internal audits are other key areas where the candidate gets involved.
• Understand Risk and Control framework including SOX and help track and escape incidents and operational losses related to PC.

Education Qualifications / Certifications and Requirements :

• A strong understanding of finance processes and an accountancy or finance post graduate degree
• Relevant experience (min. 2 years) in a finance environment, with a wide product knowledge across a number of Global Markets asset classes
• Strong understanding of the traditional Global Markets trade lifecycle and of the relevant risk control principles within this
• Experience of working in a similar organizational structure with a number of onshore and offshore contact points and managing teams
• Good Data Analytics and Digital Transformation skills. Ability to work with large amounts of data, analyse the same and present them in a concise meaningful form.
• A strong written and verbal communicator, used to interacting with colleagues and stakeholders at all levels including senior leadership teams

Pro-tip :Familiarity with AI-enabled tools is an advantage.

You’ll achieve more at HSBC.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment.

Requirements: